CalAmp Corp. (CAMP) SVP Sells $234,910.37 in Stock
CalAmp Corp. (NASDAQ:CAMP) SVP Garo Sarkis Sarkissian sold 9,833 shares of CalAmp Corp. stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $23.89, for a total transaction of $234,910.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
CalAmp Corp. (CAMP) traded up 3.14% on Thursday, reaching $23.99. 319,867 shares of the company’s stock were exchanged. The firm has a market capitalization of $854.07 million, a price-to-earnings ratio of 222.13 and a beta of 1.60. CalAmp Corp. has a 12 month low of $12.13 and a 12 month high of $24.69. The firm has a 50-day moving average of $19.62 and a 200-day moving average of $18.78.
CalAmp Corp. (NASDAQ:CAMP) last announced its earnings results on Thursday, September 28th. The Wireless communications provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The business had revenue of $89.80 million during the quarter, compared to analysts’ expectations of $88.72 million. CalAmp Corp. had a net margin of 1.31% and a return on equity of 18.18%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the company posted $0.27 EPS. On average, equities analysts expect that CalAmp Corp. will post $1.17 earnings per share for the current year.
Several research analysts have recently commented on the stock. Zacks Investment Research lowered shares of CalAmp Corp. from a “buy” rating to a “hold” rating in a report on Wednesday. B. Riley reaffirmed a “buy” rating and issued a $28.00 price target on shares of CalAmp Corp. in a report on Wednesday. J P Morgan Chase & Co lowered shares of CalAmp Corp. from a “neutral” rating to an “underweight” rating and set a $22.00 price target for the company. in a report on Wednesday. Northland Securities reaffirmed a “buy” rating and issued a $25.00 price target on shares of CalAmp Corp. in a report on Sunday. Finally, Canaccord Genuity lifted their price target on shares of CalAmp Corp. from $23.00 to $26.00 and gave the company a “buy” rating in a report on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $23.75.
Several institutional investors have recently made changes to their positions in CAMP. US Bancorp DE increased its position in shares of CalAmp Corp. by 101.3% during the 2nd quarter. US Bancorp DE now owns 5,284 shares of the Wireless communications provider’s stock worth $108,000 after purchasing an additional 2,659 shares in the last quarter. Mason Street Advisors LLC increased its position in shares of CalAmp Corp. by 4.3% during the 1st quarter. Mason Street Advisors LLC now owns 8,280 shares of the Wireless communications provider’s stock worth $139,000 after purchasing an additional 341 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of CalAmp Corp. by 77.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,941 shares of the Wireless communications provider’s stock worth $141,000 after purchasing an additional 3,021 shares in the last quarter. Stifel Financial Corp acquired a new stake in shares of CalAmp Corp. during the 1st quarter worth about $171,000. Finally, Karp Capital Management Corp acquired a new stake in shares of CalAmp Corp. during the 1st quarter worth about $176,000. Institutional investors and hedge funds own 72.88% of the company’s stock.
About CalAmp Corp.
CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company operates through two business segments: Wireless DataCom and Satellite. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere.
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